📢 UPDATE: “No Tax on Tips” – Important Clarification
Back in January on T.S.E.G Podcast (Link posted below) I discussed the new “No Tax on Tips” provision and explained that it appeared primarily aimed at traditional W-2 employees. Since then, the IRS has issued additional guidance. Here’s the clarification: The deduction is not strictly limited to W-2 employees. Self-employed individuals may also qualify — […]